Software as a Service - Mauritius

Mauritius

Revenue in the Software as a Service market is projected to reach US$32.58m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 20.09%, resulting in a market volume of US$81.37m by 2029.
The average spend per employee in the Software as a Service market is projected to reach US$52.08 in 2024.
In global comparison, most revenue will be generated in the United States (US$190.10bn in 2024).

Key regions: Japan, United Kingdom, United States, Italy, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Software as a Service market in Mauritius has seen steady growth in the Public Cloud market. Factors such as the country's increasing digital adoption, growing awareness of online services, and convenience have contributed to this trend. However, the market's growth rate is impacted by average growth, possibly due to limited infrastructure and internet connectivity in the country.

Customer preferences: As more businesses in Mauritius embrace cloud-based solutions, there is a growing trend towards using Software as a Service (SaaS) models for various operations. This shift is driven by the need for cost-effective and scalable solutions, as well as the convenience and accessibility offered by SaaS platforms. Additionally, the emergence of a tech-savvy and mobile-driven population in Mauritius has further accelerated the adoption of SaaS within the Public Cloud Market.

Trends in the market: In Mauritius, the Software as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud-based solutions by businesses. This trend is expected to continue, with more companies moving towards cloud-based software for cost-effectiveness and scalability. Additionally, there is a growing trend of utilizing Software as a Service for remote work, which has become more prevalent due to the COVID-19 pandemic. This shift towards remote work is expected to have a significant impact on the software industry, as it presents new opportunities and challenges for industry stakeholders. Overall, the trajectory of these trends is towards a more digitally-driven and connected business landscape, with potential implications for the future of work and business operations.

Local special circumstances: In Mauritius, the Software as a Service Market within the Public Cloud Market is gaining traction due to the country's favorable business environment and advanced telecommunications infrastructure. The government's focus on digital transformation has led to a rise in cloud adoption and demand for SaaS solutions. Additionally, the country's diverse population and strong English language proficiency make it an attractive market for international SaaS providers. However, the strict data protection laws and limited local data center options may pose challenges for market growth.

Underlying macroeconomic factors: The Software as a Service Market within the Public Cloud Market in Mauritius is impacted by various macroeconomic factors, such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's strong economic growth, stable political environment, and favorable business climate have attracted significant investments in the technology sector. Additionally, the government's initiatives to promote digital transformation and increase digital literacy have created a conducive environment for the growth of the public cloud market. Moreover, the increasing adoption of cloud-based solutions by enterprises to reduce costs, improve efficiency, and enhance scalability is also driving the growth of the Software as a Service Market in Mauritius.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.